The capital and largest city is Panama City , whose metropolitan area is home to nearly half the country’s 4 million people. Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century. Revenue from canal tolls continues to represent a significant portion of Panama’s GDP , although commerce, banking, and tourism are major and growing sectors. It is regarded as a high-income country. The definite origin of the name Panama is unknown. There are several theories. One states that the country was named after a commonly found species of tree Sterculia apetala , the Panama tree.
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A few years ago geologist Carlos Jaramillo stood in a man-made canyon in Panama staring at rocks he knew to be 20 million years old, and shook his head in confusion. According to conventional geologic theory, the Panamanian Isthmus didn’t emerge from the sea until just a few million years ago. So what was a 20 million-year-old fossilized tree doing there?
A new body of data emerging from such questions threatens to upend what geologists thought they knew about our planet.
New Dating of Panama Formation Throws Cold Water on Ice Age Origin Geology, doi/g (pdf)
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We’ve been writing about all things Panama for over 10 years. So search our blog to plan your vacation. From must do’s, where to party or eat, to which beaches and hiking trails you shouldn’t miss. You’ll find great insider info about Bocas del Toro , Panama City and Boquete , as well as Panamanian culture, customs and traditions , and certainly tips and advice for learning Spanish while on vacation! Posted by France Francois May 23rd, Panama City is a booming metropolis that is always filled with activity.
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The Panama Papers are the largest data leak in history, shining a harsh light on the shadowy business of offshore tax havens. So why does this matter, and how will the Panama Papers change the way the wealthy handle and hide their money? We’re using cookies to improve your experience. Find out more. How smart people get smarter.
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